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Market News and Trends

The inventory shortage is a national issue

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I have written a lot in recent months about the shortage of homes for sale in the Austin area, most recently in The Austin boom continues …. I also noted in Home price increases … it’s not just us that the price escalation that is driven by that shortage is not unique to Austin and Central Texas. This article from Inman outlines this as a problem across the United States:

What’s driving the real estate inventory crisis? These 5 trends

Inman also forecasts that changing the situation will be difficult but offers some important recommendations. I agree with the recommendations, and I suggest that this is our “new normal,” maybe for a long time to come.

About Bill Morris, Realtor

Many years of business experience (high tech, client service, business organization and start-up, including almost 20 years in real estate) tell me that service is the key to success and I look forward to serving you. I represent both buyers and sellers throughout the Austin metropolitan area, which means first-hand market knowledge is brought to bear on serving your needs. Learn more about my background and experience, my commitment to my clients, my profession, and to the real estate industry at CentralTexasHomeSearch.com.

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